Q and A’s regarding the Barnsley Building Society Solicitor Panel
from members of the public
I appointed a firm of solicitors to work on my house purchase 4 weeks ago having applied for a mortgage with Barnsley Building Society. The solicitors reassured me that they are on Barnsley Building Society conveyancing panel and gave me their panel number. Barnsley Building Society then told me that their panel number was dormant and would need to be reactivated. What happens next? Should I appoint a new solicitor listed on the approved panel for Barnsley Building Society?
The answer depends on whether you still have confidence in the said solicitors and how long it will take for the firm to be reinstated on the Barnsley Building Society conveyancing panel You may wish to enlist the help of your broker to check with the Barnsley Building Society as to the time frame to get your lawyer reinstated on the panel once again.
Our solicitor has uncovered a defect with the lease for the flat we are purchasing. The other side have suggested title insurance as a workaround. We are content with insurance and will pay for it. Our lawyer has advised that as he is on the Barnsley Building Society conveyancing panel he must check that the lender is happy with this solution. Who is the client here, us or Barnsley Building Society?
The short answer to your last question is that, notwithstanding the potential for a conflict of interest, you and Barnsley Building Society are the client. A precondition to being on the Barnsley Building Society approved panel is to comply with the CML Handbook requirements (last updated for this lender on Barnsley Building Society). The CML Handbook conditions require your lawyer to disclose issues such as defects will the lease so that Barnsley Building Society can be afforded the opportunity to check with their valuer as to the extent that the value of the property is affected . Should you refuse to allow your lawyer to make the appropriate notification then your lawyer will have no choice but to discontinue acting for you.
I am Googling for conveyancing quotes online. Can I be confident that all the law firms that are identified on your site are on the Barnsley Building Society conveyancing panel?
The solicitor and licensed conveyancing practices on our directory have advised us that they are on the Barnsley Building Society panel and agreed to advise us to take down their listing in the event of removal off of the Barnsley Building Society panel. To date we have not been informed by either a mortgage company or a member of the public that the data about a specific firm being on the Barnsley Building Society conveyancing panel is incorrect.
The firm that I recently instructed on my house acquisition in Newcastle has without warning shut down. I chose them because I needed a solicitor on the Barnsley Building Society conveyancing panel and my preferred lawyer was not. I paid them £200 on account. What do I do now?
If you have an estate agent involved then inform them immediately so that they can let the sellers know that there may be a slight delay due to the problems encountered. Hopefully they will be sympathetic and urge their lawyer to send a new set of papers to your new solicitors. You will need to appoint new lawyers that are on the Barnsley Building Society conveyancing panel and notify the lender. If you have paid over any money it will hopefully be held by the SRA as money in an intervened firm's bank accounts is transferred to the SRA. Then, the SRA or the intervention agent looks at the intervened firm's accounts to work out who the money belongs to. To claim your money you will need to contact the SRA. If the SRA cannot return money you are owed from the firm's bank accounts, or if they can only return part of the money, you can apply to the Compensation Fund for a grant. Your new lawyers should be in a position to assist
When it comes to lenders such as Barnsley Building Society do solicitors have to be pay a fee to be on the conveyancing panel?
We are not aware of any lender fees to be on their panel although some do charge an administration charge to deal with the processing of the conveyancing panel application.
Hi, thinking about buying a house off my mate. Once we agree a price, what’s the best way to move forward? I hope to get a mortgage with Barnsley Building Society. Is it possible to avoid using solicitors to save on the costs? My father said that years ago it was possible to take the documents into the local Land Registry office and they did the rest
If you are getting a mortgage with Barnsley Building Society involved you will need to appoint a solicitor on the Barnsley Building Society conveyancing panel. We would not encourage you to both use the same solicitors' firm. There are clear conflict of interest issues and it's not going to make a huge difference to the speed of the overall process. So as not to hold things us you should pass on your solicitors details to Barnsley Building Society. Feel free to use our search tool to look for a licensed conveyancer or solicitor on the Barnsley Building Society conveyancing panel.
Completion of my remortgage has taken place with a loan from Barnsley Building Society. Conveyancing was a necessary evil but I feel I should register my dissatisfaction about Barnsley Building Society. Who do I contact should I wish to lodge a complaint?
Most banks and building societies have complaints procedures. Your first port of call should be one of the Barnsley Building Society branches or the Customer Services Department at Barnsley Building Society head office. Ordinarily complaints to Barnsley Building Society are resolved effectively and efficiently. If you feel that the matter is not resolved you can write to the
Financial Ombudsman Service who will take matters further.